Overview of Survey Responses
For this project, we will examine the correlation between internships and full-time placement. More specifically, we will answer the following questions:
From our team’s personal experience, we have found that there is immense pressure on students to secure at least one internship during their time at Miami. We are hoping our insights will shed more light on the subject using a data-centric approach.
Findings
On average, students that have at least 1 internship are 95% more likely to have a full-time job than if they did not have an internship.
On average, students that have at least 2 internships are 61% more likely to have a full-time job than if they did not have an internship.
For each year surveyed (2019, 2020, 2021), we found that post-graduate salary increases with the number of internships that a student has. This increase is small, but the relationship is linear and shows a positive relationship.
For each year surveyed, we found that Finance and Marketing majors hold the most number of internships. However, this could be skewed as a result of those being the 2 most popular majors in Farmer.
In 2020, the overall full-time placement rate drastically decreased from 2019 (99% placement to 67% placement). This is most likely due to the effects of Covid-19 on the economy and job market. Placement rate rose to 83% in 2021.
Although the placement rates were small, we found that it is possible to obtain a full-time job without having an internship. However, to boost your chances of placement, we recommend pursuing at least 1 internship prior to graduation.